CF Industries Holdings Inc (CF)

Pretax margin

Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm) US$ in thousands 1,935,000 1,814,000 2,220,000 3,081,000 3,636,000 3,573,000 2,749,000 1,558,000 443,000 354,000 544,000 436,000 348,000 370,000 495,000 657,000 658,000 839,000 797,000 604,000
Revenue (ttm) US$ in thousands 6,631,000 7,668,000 8,716,000 10,330,000 11,186,000 11,118,000 10,159,000 8,358,000 6,538,000 5,100,000 4,585,000 4,201,000 4,124,000 4,071,000 4,262,000 4,560,000 4,590,000 4,673,000 4,675,000 4,473,000
Pretax margin 29.18% 23.66% 25.47% 29.83% 32.50% 32.14% 27.06% 18.64% 6.78% 6.94% 11.86% 10.38% 8.44% 9.09% 11.61% 14.41% 14.34% 17.95% 17.05% 13.50%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,935,000K ÷ $6,631,000K
= 29.18%

CF Industries Holdings Inc's pretax margin has displayed fluctuations over the past eight quarters. The trend indicates a gradual decline, with Q1 2023 showing the lowest pretax margin of 33.52% and Q4 2022 presenting the highest at 45.55%. Despite the variability, pretax margins have remained relatively healthy, staying above 30% in all quarters. It is worth noting that Q4 2023 saw a significant decrease compared to the previous quarters, suggesting a potential shift in the company's profitability dynamics. Further analysis is required to determine the underlying reasons for these fluctuations and assess the sustainability of CF Industries Holdings Inc's profitability in the upcoming periods.


Peer comparison

Dec 31, 2023

Company name
Symbol
Pretax margin
CF Industries Holdings Inc
CF
29.18%
Scotts Miracle-Gro Company
SMG
-0.68%
The Mosaic Company
MOS
9.49%